What is included in the information found on a title?

Prepare for the New Brunswick Salesperson Test. Enhance your study experience with flashcards and multiple choice questions. Each question offers detailed hints and explanations. Gear up for your successful exam!

The correct choice highlights that the title includes critical details such as the title number and registered interests associated with the property. A title is a legal document that signifies ownership of a property and provides essential information regarding any liens, encumbrances, or legal claims on the property.

The title number uniquely identifies the property within land registration systems, making it an important aspect of ownership verification and property rights. Registered interests could include mortgages, easements, and other claims that can affect how the property is used or sold. Knowing the specific interests recorded on the title helps potential buyers and current owners understand obligations tied to the property.

In contrast, while geographic location is certainly important in real estate, it is not typically detailed on a title in the form that would identify boundaries or zoning specifics. The assessed tax value also does not form part of the title document but is usually maintained in separate property assessment records. Market value changes over time based on the real estate market and are not statically represented on a title, which reflects ownership and claims rather than valuation at any given moment.

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